Sarda Energy & Minerals Ltd shares were up 5.80% after the company informed that the Supreme Court had rejected all appeals filed by unsuccessful resolution applicants against approval of its resolution plan for SKS Power Generation (Chhattisgarh) Ltd, removing the final judicial overhang on the acquisition process. The disclosure, addressed to both BSE Ltd and…
Jaiprakash Power Ventures Faces NCLT Insolvency Petition Worth ₹511.72 Crores scanx.trade Read the original article here
Jaiprakash Power Ventures Faces NCLT Insolvency Plea Over ₹511 Cr Default Claim Whalesbook Read the original article here
Cooper Lomaz Recruitment Ltd, which was registered at offices in Pottergate, appointed liquidators owing £1.37m to around 40 creditors, including HMRC (£132,000) and LinkedIn (£36,000). But owner Mark Darby, 63, said the business “continues to trade as it has done for the past 35 years” after what he described as a “restructuring”. Cooper Lomaz is…
1. THE SEAMLESS LINKThe acquisition of Raigarh Champa Rail Infrastructure (RCRIPL) by JSW Energy Ltd. represents a calculated move to further verticalize its operations, securing essential logistics for its growing power generation capacity. This strategic integration follows JSW Energy’s consistent pattern of acquiring distressed assets through insolvency processes to enhance operational synergies and cost efficiencies.…
The bankruptcy court has recently approved Raigarh Champa Rail Infrastructure’s acquisition by JSW Energy Ltd through the insolvency resolution process. Sajjan Jindal-owned JSW Energy has proposed a Rs 700 crore revival plan against the company’s admitted liabilities of about Rs 543 crore, resulting in a recovery of about 129% for the lenders. Before the National…
Riley joined Azets from Kroll. Credit: Woodan/Shutterstock.com. Business advisory group Azets has expanded its UK restructuring and insolvency practice with the appointment of Dave Riley as a partner in its Manchester office. Riley joined the company last month from Kroll. He has proven experience in the lender markey and insolvency, with a particular focus on…
Administration can be a route to rebirth Daily Business Magazine Read the original article here
Heranba Organics Private Limited, a wholly-owned subsidiary of Heranba Industries, faces an insolvency application filed by Haresh Petrochem Private Limited for a claim of Rs 1.70 Crores.The outstanding balance stands at Rs 93.90 Lakhs (₹0.94 cr), with the Insolvency and Bankruptcy Code (IBC) petition filed before the NCLT, Mumbai. Reader Takeaway: Insolvency filing against subsidiary…
Baron Infotech Limited Conducts 19th Committee of Creditors Meeting Under Corporate Insolvency Resolution Process scanx.trade Read the original article here